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Markets in the US were all trading lower yesterday as Russia ramped up its rhetoric on Ukraine and mobilized military forces to the shared border. All the major indices shed over a percent after starting off the day in the black. The Tech and Industrials sectors were hit the hardest, while Utilities was the only sector to finish the day in the positive.

By The Value Investor: United Technologies Corp (NYSE:UTX) reported a second quarter earnings report last week which was roughly in line with expectations. Yet investors are worried about slower organic sales growth and a reduction of the order intake.

United Technologies Corp. (UTX) beat consensus estimates for the fourth quarter (4Q) of fiscal year 2013 (FY13). It released its earnings report during pre-market hours and the stock price was up just 0.22% in pre-market trading.

Sprint Corp (NYSE:S) is proving to be a bad bet for Softbank Corp (OTCMKTS:SFTBF); its losses continue to affect the Japanese parent company. However, SoftBank Founder Masayoshi Son does not plan to keep funding the US carrier indefinitely.

United Technologies Corporation’s (NYSE:UTX) chairman and Chief Executive Officer, Louis R. Chenevert, has informed the board he is resigning. The vacant CEO position will be filled by Gregory J. Hayes.
Mr. Hayes has served as United Technologies’ senior vice-president and chief financial officer for the last six years, and has been with the company for 25 years. He was also responsible for communicating messages between the company’s Board of Directors and investors.

United Technologies Corporation (UTX) reaffirmed its guidance for fiscal year 2014 in an announcement made prior to a meeting with investors today. The industrial giant expects revenues for the year to total $65 billion and per-share earnings (EPS) in the range of $6.75 to $6.85, against a consensus estimate of $6.85. The earnings outlook represents a 9-10% increase year-over-year (YoY). United Technologies also upped its stock buyback budget for 2014, from $1.25 billion to $1.35 billion.

Advanced Micro Devices Inc. (AMD) reported earnings for the first quarter of its 2014 fiscal year after the bell yesterday. AMD announced that it generated $1.4 billion in revenues. Its adjusted earnings per share came in at two cents. In contrast, the Street had estimated that AMD would report revenues of $1.34 billion and will break even as far as earnings were concerned. On GAAP basis, AMD recorded losses of $20 million, lower when compared to losses of $146 million reported in 1QFY13.

Potash Corp of Saskatchewan Inc., North America’s largest producer, cut its profit forecast as estimates of lower prices for its main product delayed sales.
The company declined in after-market trading after saying Thursday that third-quarter earnings would be about 41 cents a share, down from the 45 to 60 cents estimated in July.